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For the event described below, make the appropriate entries in journal entry format to record its effects on the firm. In January of 2002, Minshew
For the event described below, make the appropriate entries in journal entry format to record its effects on the firm. In January of 2002, Minshew Co. received $100 of cash from a customer to pay in advance for goods to be provided by Minshew Co. to the customer sometime in the future. Make the journal entry Minshew Co. should make to record the receipt of this cash in January. Date Account(s) you debit (left aligned and listed first) Account(s) you credit (indented and listed last) Debit Credit 1/02 100 100
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